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- Markets exist to12345:
- Facilitate trade and enable the distribution and allocation of resources in a society.
- Establish the price of goods, services, and other assets.
- Protect owners and shareholders from having to absorb too much risk if the endeavor does not succeed.
- Give entrepreneurs the freedom to pursue profit by creating outputs that are more valuable than the inputs they use up, and free to fail and go out of business if they do not.
- Vary widely for several reasons, including the kinds of products sold, location, duration, and size.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Markets facilitate trade and enable the distribution and allocation of resources in a society. Markets allow any tradeable item to be evaluated and priced. A market emerges more or less spontaneously or may be constructed deliberately by human interaction in order to enable the exchange of rights (cf. ownership) of services and goods.en.wikipedia.org/wiki/Market_(economics)Markets help establish the price of goods, services, and other assets. At least two parties are needed to trade, and three or more parties help to spur competition. Competition helps with price discovery, which is the process of determining the price for an asset.www.britannica.com/money/what-are-financial-mar…A market economy gives entrepreneurs the freedom to pursue profit by creating outputs that are more valuable than the inputs they use up, and free to fail and go out of business if they do not.www.investopedia.com/terms/m/marketeconomy.aspMarkets exist to protect owners and shareholders from having to absorb too much risk if the endeavor does not succeed. Having multiple investors in a particular company or project reduces the amount of financial risk on a single individual if the investment fails.veryinformed.com/why-do-markets-exist/Markets vary widely for several reasons, including the kinds of products sold, location, duration, and size. The constituency of the customer base, size, legality, and other factors are equally influential.www.investopedia.com/terms/m/market.asp - People also ask
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Disciplines such as sociology, economic history, economic geography and marketing developed novel understandings of markets studying actual existing markets made up of persons interacting in diverse ways in contrast to an abstract and all-encompassing concepts of "the market". The term "the market" is generally used in two ways:
Wikipedia · Text under CC-BY-SA license- Estimated Reading Time: 9 mins
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